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Calculate the yield to maturity and the duration of the following portfolio of bonds. one year T-bill yielding 4.65% Three-year AAA-rated bond paying semiannual coupons

Calculate the yield to maturity and the duration of the following portfolio of bonds.

one year T-bill yielding 4.65%

Three-year AAA-rated bond paying semiannual coupons at 5% with a yield of 5.25%

Two-year BBB-rated bonds paying semiannual coupons at 5.5% with a yield of 6.75%

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